Chim Sophany

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Chim Sophany

Phillip Bank

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With a loan of EUR 6,200 Chim is able to buy supplies for her blacksmith and carpentry business.

€6,200

Importe

4.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,200
Interés	4.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 15 horasen 31 Julio 2016.

El proyecto

Mrs. Chim Sophany, 25, is married and lives with her husband in Kampong Cham province. Together with her husband are carpenter and blacksmith to earn as main income to support the family. The business has been about for 5 years and they are able to employ 3 full time workers.

Mrs. Chim is now requesting for a loan to purchase wood and other blacksmith material to expand her family business.

Together with local partner KREDIT will Lendahand provide a loan that must be repaid in 36 months.

Nombre de la empresa	Phillip Bank
Director general	Chim Sophany
Fundado	2013-01-01
Ubicación	Kampong Cham
Sector	Producción manufacturera
Volumen de negocio	€28,540.54
Empleados	3

Impacto

Phillip Bank is a microfinance institution in Cambodia that invests in people and their businesses via Micro-loans. By providing working capital to local entrepreneurs, they enable people in Cambodia to further expand their businesses and reach their potential for business growth and job creation.

Micro-loans are an effective tool against poverty. Research has shown that communities with more viable small local businesses have more balanced economies and higher average prosperity levels. Their turnover mainly flows back to their communities, ensuring economic growth and stability. The capital provided by Phillip Bank works towards sustainably improving families' financial well-being in rural and urban communities.